The British think if they deny themselves a wafer thin mint that is austerity. The spending orgy just continues and with Hammond at the helm it will be more spend spend spend, welfare for all, corporate and individual. Even trees are going to get tens of millions. The economy will continue to be debauched, the very lodestone of the economy the tech digital industry will be eviscerated with malevolent digital tax to the likes of Amazon who have threatened to withdraw form the UK if Hammond carries out his threatened terrorist actions against them.
The socialist tories hate capitalism as much as Labour do and there is no hope for the country unless they are challenged on ideological grounds and a new movement away from the statism of both political parties and towards capitalism emerges.